Sterling Check Expands Clinical Solutions with Acquisition of Vault Workforce Screening
January 6, 2024
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Sterling Check ($NASDAQ:STER), a leading provider of background screening services, is set to expand its clinical solutions portfolio after the acquisition of Vault Workforce Screening. This acquisition will provide Sterling with a market-leading range of services that will enable the company to better serve its clients. Sterling Check is a publicly traded company that specializes in providing high-quality background screening services for employers, landlords, and other organizations. It offers a comprehensive suite of solutions that include criminal record searches, credit checks, employment verification, and more. With its acquisition of Vault Workforce Screening, the company is now in a position to offer its clients an even greater breadth of services.
From healthcare and financial services to transportation and retail, Sterling Check’s expanded capabilities will be invaluable to its customers. The company will also be able to leverage its technological expertise to further improve its services and provide an even more comprehensive offering. It will provide the company with a robust set of clinical solutions that will enable it to better serve its customers. With the addition of these services, Sterling Check is positioned to become an even more powerful player in the background screening market.
Share Price
This acquisition is expected to bring a boost to STERLING CHECK‘s clinical workflow management capabilities and provide healthcare organizations with a more comprehensive suite of services. The acquisition announcement had a positive impact on STERLING CHECK stock, which opened at $14.0 and closed at $13.9, a 0.1% increase from the last closing price of $13.9. The company’s stock has been steadily rising since the announcement, signaling that investors are confident in STERLING CHECK’s long-term prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sterling Check. More…
| Total Revenues | Net Income | Net Margin |
| 720.14 | -4.43 | 0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sterling Check. More…
| Operations | Investing | Financing |
| 96.34 | -68.29 | -76.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sterling Check. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.39k | 666.17 | 7.58 |
Key Ratios Snapshot
Some of the financial key ratios for Sterling Check are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.5% | – | 4.4% |
| FCF Margin | ROE | ROA |
| 10.7% | 2.8% | 1.4% |
Analysis
GoodWhale recently analyzed the financials of STERLING CHECK and classified it as a ‘sloth’ company. This classification implies that the company has achieved revenue or earnings growth slower than the overall economy. It is noteworthy that STERLING CHECK is strong in liquidity, medium in profitability, and weak in asset, dividend, and growth. However, the company has an impressive health score of 8/10, which reflects its capability to pay off its debt and fund future operations. The analysis of STERLING CHECK’s financials makes it an attractive option for investors who prefer more conservative investments for their portfolios. These type of investors are looking for companies that provide steady returns and have minimal risks, which makes STERLING CHECK an ideal candidate. Additionally, its health score of 8/10 makes it a good long term investment option. More…
Peers
The competition among Sterling Check Corp and its competitors is intense. Scryb Inc, Rackspace Technology Inc, and Way 2 Vat Ltd are all jockeying for position in the market, and each company has its own strengths and weaknesses. Sterling Check Corp has a strong reputation for customer service and a wide array of products, while Scryb Inc has a more limited product line but offers competitive prices. Rackspace Technology Inc is known for its innovative products and services, while Way 2 Vat Ltd has a more traditional approach to business.
– Scryb Inc ($OTCPK:SCYRF)
Scryb Inc is a publicly traded company with a market capitalization of $16.73 million as of 2022. The company has a negative return on equity of 105.94%. Scryb Inc is engaged in the business of providing online marketing and advertising services.
– Rackspace Technology Inc ($NASDAQ:RXT)
Rackspace Technology, Inc. is an American managed cloud computing company based in San Antonio, Texas. The company offers a suite of cloud computing services, including managed hosting, cloud computing, and cloud storage. Rackspace was founded in 1998 and went public in 2008. As of 2018, it employed over 4,000 people.
– Way 2 Vat Ltd ($ASX:W2V)
Way 2 Vat Ltd is a company that provides VAT services. It has a market cap of 4.83M as of 2022. The company was founded in 2006 and is headquartered in London, United Kingdom.
Summary
Sterling Check, a global provider of background screening and identity solutions, has announced the acquisition of Vault Workforce Screening. This acquisition allows Sterling to offer a comprehensive suite of clinical solutions that will offer their customers the most advanced and reliable background screening solutions available. In addition to expanding their services, this acquisition will help Sterling strengthen its competitive edge in the market and expand its footprint globally.
The deal will provide investors with the opportunity to benefit from long-term returns as Sterling continues to build its portfolio of products and services. Investors in Sterling Check can look forward to continued success as the company further expands its offerings and increases its market share.
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